This is a type of investor who generally purchases B-rated or BBB-rated bond classes with the unrated class. The lower bond class at any given point is evaluated to be the controlling class or the directing certificate holder.
B-Piece Buyer
This is a type of investor who generally purchases B-rated or BBB-rated bond classes with the unrated class. The lower bond class at any given point is evaluated to be the controlling class or the directing certificate holder.
